By a News Reporter-Staff News Editor at Investment Weekly News -- OneMain Holdings, Inc. (NYSE: OMF) ("OMH" or the "Company") announced the commencement of a public offering of 7,500,000 shares of its common stock by Springleaf Financial Holdings, LLC (the "Selling Stockholder"), an entity owned primarily by a private equity fund managed by an affiliate of Fortress Investment Group LLC ("Fortress"). The shares being sold by the Selling Stockholder are beneficially owned by Fortress. The Company will not receive any proceeds from the sale of the shares by the Selling Stockholder.
Morgan Stanley & Co. LLC is acting as the sole underwriter for the offering. The underwriter may offer the shares from time to time in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices relating to prevailing market prices or at negotiated prices.
The Company has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Company has filed or will file with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, the Company, the underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or by email at [email protected]
Keywords for this news article include: OneMain Holdings Inc, Investment and Finance.
Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2017, NewsRx LLC
(c) 2017 NewsRx LLC, source Business Newsletters